high interest savings

During the housing boom, mortgage lenders eased down payment requirements to get more people into homes. The down payment was literally nothing in some cases. In fact, the availability of 110% mortgages — loans for 10% more than the value of a home — amounted to a negative down payment. As any prospective home buyer [...]

It’s unbelievable that August is over and September is upon us already. Next thing you know, it will be Christmas! To kick off the last trimester of the year, I’ve scoured the blogosphere to bring you some interesting personal finance articles from around the web. Check out these articles at your leisure and enjoy. Are [...]

I often get asked the question – “How can my family live comfortably off of a single income?”. In my response, I always let people know that it is possible and is not that hard. My wife and I have chosen to support our family on one income (by me) and have her stay at [...]

Holding down a steady job and earning regular paychecks is both the easiest and most common form of earning an income. Building a solid foundation of deep wealth however, requires time, planning and a considerable amount of research. There are three general means to creating wealth: active income, portfolio income, and passive income. Photo by [...]

Everyone wants to make more money, but very few want to work more hours. The best way to work less and make more money is to learn how to generate passive income. Passive income can be described as income that is received at regular intervals that does not require a lot of work to sustain [...]

Starting in 2011, the IRS will be making it harder for consumers to get their hands on a quick income tax refund. The popular refund anticipation loans, which are short-term loans based on the anticipated amount of a tax refund. The loans are given to consumers who do not want to wait several weeks for [...]

One of life’s rites of passage — whether right or wrong — is getting that first credit card. When used properly, a credit card can help you create a good credit history that will serve you well when it comes time to buy a car or a home. When used irresponsibly, though, credit cards can [...]

Saving money doesn’t mean you have to stay at home reading library books and eating beans and rice. Personally, I put away a fair chunk each month and still manage to travel, eat out, shop, and have plenty of fun things to look forward to. How do I do this? By using some key tools [...]

For those of us who like to read (and write) information on personal finance subjects, we spend energy on a wide range of wealth building strategies.  Too often we ignore the concept of making money because we feel it’s something outside our control.  After all, our employer pays us, we don’t pay ourselves, right?  The [...]

No matter how much solid financial planning we put in, life cannot be reduced down to complete predictability. Indeed, there are always unexpected expenses, large and small, that can crop up. And, you never know when something catastrophic, like a major illness or a job loss, will happen. The reality of unexpected financial situations should [...]